Your home is a big investment. Over the years, you build equity in the home, and hopefully, when you sell it, it will have increased significantly in value and you will make a profit. However, when you live in the home for so many years, many of its features can age out and lose their efficiency or fall out of style. As a result, you may not be able to sell your home for its full potential.
There are many renovations you can make that will increase your home’s value so you can get maximize profits when you are ready to sell. Here are a few of the best renovations to increase your home’s resale value:
Energy-Efficient Appliances
You don’t have to include your appliances when you sell your home. However, if you do, you’ll increase its value. If you include energy-efficient appliances, you’ll increase it even more. Energy-efficient appliances such as a refrigerator, range, dishwasher or washer and dryer can help to save you hundreds of dollars per year in energy costs. When you sell, you pass on those savings to the buyer, which will make your house that much more attractive.
Energy-Efficient Windows
Energy costs are a constant drain on finances. Anything you can do to make your home more energy-efficient is going to increase its value. Windows and doors are a regular source of energy leakage. You can stop this by replacing your windows with energy-efficient models that are double hung, are weather proof and have other features. You’ll help your home to reduce energy leakage, and you’ll increase its value in the process.
Hardwood Floors
Carpet has fallen out of favor, and hardwood floors are now very popular. They are easier to clean, and they look more elegant. Of course, hardwood floors are also more expensive. However, you can get the same look with a laminate, lock-in floor that has the same look of hardwood without the price. Making this simple switch can add thousands to the value of your home.
New Cabinets
Your kitchen cabinets can make the whole look of your kitchen. With old, dingy and damaged cabinets, the kitchen will look very bad. By just replacing the cabinets, you can create a whole new look and can make your kitchen seem brand new. You’ll also increase the value of your house. If you don’t have the money to replace the cabinets, simply putting on a new coat of paint can be enough.
Landscaping
Curb appeal will instantly increase a home’s value. By doing a little landscaping, you can dramatically increase your home’s worth. Plant some nice flowers, put in some hedges, and tend your lawn. There are many possibilities for what you can do, from plants to landscaping lighting to paved walkways. Be creative and choose the options that work best for your home.
Making these improvements to your home can help you to protect your investment and to dramatically increase your profits come selling time. Consider these and other renovations to help you increase your home’s value.
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